Guy Hands backs European venture firm – Exclusive

The Terra Firma founder is among investors in the latest fund from DN Capital.

Guy Hands, founder of private equity firm Terra Firma, is among limited partners in the latest fund from venture capital firm DN Capital.
 
DN's fourth fund came to market in April with a €200 million target, which has also been set as the hard-cap. It has raised in excess of €150 million and is targeting a final close “within the next couple of months”, said one source with knowledge of the fundraising.
 
Hands appears to be investing in a personal capacity alongside a number of family offices and funds of funds, including LGT Capital Partners and Galdana Ventures, according to a filing with the UK's Companies House.
 
European Investment Fund, a development finance institution, has committed to the fund, as has asset manager Schroders.
 
DN is an early and growth-stage investor in technology companies and operates from offices in London, Berlin and Menlo Park. The firm invests predominantly in Europe, and around 20 percent of each fund is deployed in the US, where Steve Schlenker, one of its two managing partners is based. 
 
Placement agent Triago is advising the firm on the fundraise.
 
Triago declined to comment on the fundraising, while DN Capital and Guy Hands did not respond to requests for comment by press time.